Practical Publishing Int Holdings Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06635653 (England and Wales)

PRACTICAL PUBLISHING INTERNATIONAL

HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R B Wilkinson

D Bowler

D A Cusick

REGISTERED OFFICE:

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

REGISTERED NUMBER:

06635653 (England and Wales)

ACCOUNTANTS:

Clarke Nicklin LLP

Chartered Accountants

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

FIXED ASSETS

Intangible assets

4

-

-

Investments

5

201

101

201

101

CURRENT ASSETS

Debtors

6

86,358

86,358

Cash at bank

-

15,182

86,358

101,540

CREDITORS

Amounts falling due within one year

7

56,743

101,082

NET CURRENT ASSETS

29,615

458

TOTAL ASSETS LESS CURRENT LIABILITIES

29,816

559

CAPITAL AND RESERVES

Called up share capital

121

121

Retained earnings

29,695

438

SHAREHOLDERS' FUNDS

29,816

559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 November 2017 and were signed on its behalf by:

D Bowler - Director

1.	STATUTORY INFORMATION

Practical Publishing International Holdings Limited is a private company, limited by shares , registered

in England and Wales. The company's registered number and registered office address can be found

on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 28 February 2017 are the first financial statements that

comply with FRS 102 (Section 1A). The date of transition is 1 March 2015.

The transition to FRS 102 (Section 1A) has resulted in no changes to the company's accounting

policies and its figures previously reported.

Going concern

The directors have reasonable expectation that the company has adequate resources to continue in

operational existence for the foreseeable future. The directors have reached this conclusion giving due

consideration to the projected future performance of the company and any potential risk that might

impact the company's ability to meet its required solvency levels. For this reason, they continue to

adopt the going concern basis in preparing the financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related

party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 March 2016

and 28 February 2017

500,000

AMORTISATION

At 1 March 2016

and 28 February 2017

500,000

NET BOOK VALUE

At 28 February 2017

-

At 29 February 2016

-

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 March 2016

101

Additions

100

At 28 February 2017

201

NET BOOK VALUE

At 28 February 2017

201

At 29 February 2016

101

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Amounts owed by group undertakings

23,962

23,962

Directors' current accounts

49,917

49,917

Corporation tax

12,479

12,479

86,358

86,358

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Net wages

11,714

11,653

Amounts owed to group undertakings

302

47,370

Corporation tax

20,117

19,658

Social security and other taxes

10,726

10,518

Other creditors

5,727

3,826

Directors' current accounts

8,157

8,057

56,743

101,082

Director's current accounts are interest free and repayable on demand.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is R B Wilkinson.